Learning from History


When presenting a story of possible futures, I always start with a short journey through the past. The past represents a possible window to the future. Major events throughout history have brought out the best and the worst of humanity. Leaders have emerged in the most difficult of times – and tyrants have as well. A recent book by Alan Greenspan and Adrian Wooldridge explores the history of Capitalism in America. Robert J. Gordon took a similar journey in his highly acclaimed book titled The Rise and Fall of American Growth. Whereas the authors of Capitalism in America explore the full American journey, Mr. Gordon focuses on what he considers a special century: 1870-1970. Both books highlight the astounding innovation that occurred in the late part of the 19th century and the early part of the 20th. These innovations improved our standard of living, while the major societal forces of that era (World War One, The Great Depression, and World War Two) presented many challenges.   Continue reading